Back to Search
Property profile & analytics
OFF-MARKET
Retail space
115 5th Ave Sun Valley, NV 89433-7650
Individually Owned
23-yr Hold
Free & Clear
Property ID
US62-0357492
Property summary
AI-generated overview
This exceptional investment opportunity presents the Trail West Mobile Home Park, a 16-unit stabilized multifamily property situated on a 2.006-acre lot in Sun Valley, Nevada. Currently boasting 100% occupancy with all 16 spaces rented at $625 per month, generating a Net Operating Income (NOI) of $73,903, and a 4.62% cap rate. Pro-forma projections indicate a potential NOI of $91,892 and a 5.74% cap rate. The property features a single-story building constructed in 1871, currently used for commercial purposes (non-conforming use) and could be removed to increase the number of mobile home spaces. All mobile homes are tenant-owned, minimizing maintenance responsibilities for the owner. The property is zoned GC. The asking price is $1,600,000, representing a price per unit of $100,000. The property's location at 115 W 5th Ave, Sun Valley, NV 89433 (APN: 085-650-29) offers a central location within the community. Note that the Sun Valley General Improvement District will impose water and sewer impact fees upon sale
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
1,234 SF
Lot
2.01 ac (87,381 SF)
Zoning code
GC
APN
085-650-29
UPID
US62-0357492
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Meilin Liao · 23 yrs held
Meilin Liao
since 2003
2 recorded transactions
Zoning & alternative use
GC · Sun Valley, NV
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sun Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sun Valley submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$5,605
Tax year 2023
Assessed value
$264,874
Assessed 2023
Previous assessed
$258,300
+2.5% YoY
Effective rate
2.12%
On assessed value
Assessed land
$234,616
Assessed improvement
$30,258
Land market value
$670,330
Improvement market value
$86,450
Total market value
$756,780
Applied tax rate
4,020.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
1
Total area
1,234 SF
Lot
2.01 ac (87,381 SF)
Zoning code
GC
APN
085-650-29
UPID
US62-0357492
Jurisdiction
WASHOE
Zoning & alternative use
GC · Sun Valley, NVZoning GC · permitted uses
GC · Sun Valley, NV
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1971
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Units
1
Lot
2.01 ac
Current owner
From public records · entity-resolved
Meilin Liao
Individual
Free & Clear · 23 yrs held
Mailing address
PO BOX 370684, LAS VEGAS, NV 89137-0684
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2003
—
Meilin Liao
Chang,vicky I
Quit Claim Deed
related
—
May 30, 2003
$300,000
Meilin Liao
Liao,meilin
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 115 5th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
